Jan 31, 2013 3:00pm EST
saw beyonce singing the national anthem, and i was wondering if ron would come in and was lip synching for ben bernanke actually. >> i do because i think he's the best. >> bernanke is not lip synching anything. they are not going anywhere. they are for real. >> he's an original. the thing about fed policy, as was said yesterday, the fed is not going to tighten policy until the unemployment rate comes down towards 6.5% or inflation, which it's not doing, gets above 2.5%, so the fed is going to be easing still for quite some time and the economy is strengthning and a lot of good things are going on. energy expansion, manufacturing is coming home. we've talked about this many times in the past. the profit reports we've seen thus far is quite encouraging. hard to argue that the market is sending a message that it's in trouble. >> encouraging is in the eye of the beholder. we took these numbers down so far for the fourth quarter it was ridiculous. we're looking at maybe a 3% profit growth this quarter which is not really growth at all in my eyes. you know, some of the other things, too. we
Feb 4, 2013 3:00pm EST
something to think about in the final year here. >> beyonce was that hot the lights went out. what's behind today's moves lower are the earnings and the fundamentals behind this economy actually do not justify this incredible run for this market. we're going to hear both sides coming up on "the closing bell." >> we will. plus a realtime check on clorox's company earnings. they're up br thnt and sitting at its all-time high right now. >>> let's check the markets for you. dow down about 99 points. off of the lows which were about 2:30 or so. 30 minutes ago on the industrial average. now back to 13,910. check the nasdaq composite where it's down about 37 points. and the s&p 500 looks like this with a decline on the session of just about 13 points. >> okay. so in today's selloff we're backing away from the all-time high on the dow set back in '07. we have danny hughes back with us from devine capital. michael holland as i live and breathe. >> blast from the past. >> mike shay from direct access on the floor with us. and our own rick santelli is in chicago. michael, i'm starting with you.
Feb 4, 2013 4:00pm EST
former gop senator judd gregg? >>> and did beyonce blow out the lights at the super bowl? maybe. we'll talk about that. the superdome power outage. >>> also the beatles said money can't buy you love but can it buy you happiness? we'll see what the millionaires say. stay with us. is is for real thi. is is for real thi. step seven point two one two. verify and lock. command is locked. five seconds. three, two, one. standing by for capture. the most innovative software on the planet... dragon is captured. is connecting today's leading companies to places beyond it. siemens. answers. >>> welcome back. the dow industrial it is pulling way back from friday's 14,000 peak in a significant way. let's get to bob pisani recapping the movers. >> biggest declines of the year. declines up 1.5% to 2% in all the big names. but please note compared to what happened in europe, this is small potatoes. put up some of what happened here. nothing yet in italy the oldest bank is being investigated. the problem is draghi was the -- he's being drawn in a bit. spain calls finish the prime minister to step down.